EPISODE · Aug 31, 2021 · 1H 21M
Dr. Sarah Newcomb - Master Your Finances: The Power of Rewriting Your Money Story for Wealth Building
from Standard Deviations with Dr. Daniel Crosby · host Dr. Sarah Newcomb, Dr. Daniel Crosby
Tune in to hear: - Why do conversations about finances often take on such a moralistic tenor? - Is the moralizing of money a uniquely American problem or does this happen all over the world? - How can we accrue the benefits of being well off without falling prey to the lack of passion that can accompany this at times? - The possession-self link states that we don’t necessarily differentiate between the things we are and who we are. How does this play out practically? - Those with a clear mental picture of their future have positive money experiences and those with a vague mental picture of their future have more negative money experiences. Is this a chicken and egg sort of phenomena? - How can one start to cultivate an internal locus of control? - Sarah created her own form of budget called the ‘Loaded’ budget - what is the psychological upside to using this budget? https://twitter.com/finance_therapy Compliance Code: 2380-OAS-8/25/2021
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What this episode covers
This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby speaks with Dr. Sarah Newcomb. Sarah Newcomb is a behavioral economist at Morningstar, where she works to integrate findings from behavioral science into financial management applications for individuals and financial advisors. Her research interests focus on the effects of social and cognitive psychology on personal financial decision-making. Sarah is also the author of Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind.
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Dr. Sarah Newcomb - Master Your Finances: The Power of Rewriting Your Money Story for Wealth Building
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